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Documents Modern economics ( overview )

1. Modern Economic AnalysisManagerial Economics:-Prime function of Management:- (1). Decision Making (DM):- (2). Forward Planning (FP):-DM: - Process of selecting one action…

Business Cost function

1. • Explicit Costs – Accounting Costs • Economic Costs – Implicit Costs – Alternative or Opportunity Costs • Relevant Costs – Incremental Costs – Sunk Costs…

Documents S U P P L Y Cost of Production Chapter 5 Section 2.

Slide 1S U P P L Y Cost of Production Chapter 5 Section 2 Slide 2 S U P P L Y Objectives: –Explain how firms decide how much labor to hire to produce a certain level of…

Documents 3/20/03 SLAC- B DayMarcello A. Giorgi1 BABAR Future Marcello A. Giorgi at SLAC B DAY.

Slide 1 3/20/03 SLAC- B DayMarcello A. Giorgi1 BABAR Future Marcello A. Giorgi at SLAC B DAY Slide 2 3/20/03 SLAC- B DayMarcello A. Giorgi2 Outline BaBar Collaboration BaBar…

Documents Cost-output Relationship

Cost-output Relationship www.mbaknol.com www.mbaknol.com Cost-output relationship has 2 aspects: Cost-output relationship in the short run, Cost-output relationship in the…